New partnership with NapoleonX
AI meets cryptocurrencies: the first business-grade crypto market sentiment analysis for retail investors
NapoleonX, the first fully algorithmic, decentralized and scalable crypto-asset manager, and SESAMm, a French fintech specialized in Big Data and artificial intelligence, are proud to announce their partnership around L’Humeur des marchés (The Markets’ Mood), a revolutionary platform for predictive sentiment and emotions data on financial assets.
Sentiment and emotions analysis are now freely accessible on NapoleonX platform for Bitcoin and Ethereum, the two largest cryptocurrencies by market capitalization. It’s the first time that such a cutting-edge tool designed for finance professionals is made available for free to retail investors and the general public.
The importance of sentiment in financial markets
With the continuing rise of passive and quantitative trading, news and social media are driving the investment and risk management process more than ever. Indeed, investing in the financial markets nowadays without paying attention to sentiment can significantly affect one portfolio’s performance.
This is even truer in the crypto market, which is still of modest size ($300bn) and where most of the money still comes from individual investors. A recent study has just demonstrated once again how Bitcoin price is linked to public sentiment on social media and how, ‘by following the [silent majority] comments, you get a much more accurate prediction of Bitcoin’s price over time.’
Bringing Big Data, AI and NLP to the Crypto WorldL’Humeur des Marchés is a data visualization platform providing predictive sentiment and emotions data on financial assets. It focuses on SESAMm’s unique expertise in Big Data, machine learning, Natural Language Processing (NLP) and quantitative analysis. By using NLP, a specific application of Artificial Intelligence focused on textual information, L’Humeur des Marchés performs real-time linguistic analysis in online news, forums, blogs, social media and trading platforms and analyzes these sources to extract opinion, sentiment and emotions data linked to financial assets.
Streamlined viewing in two dimensions of emotions classification process using SESAMm NLP algorithms, each dot represents a different word.
- Access to BTC and ETH currencies with
NapoleonXpartnership; Data setsoriginated from 250,000 sources of data, including social media (such as Twitter), social trading platforms (Stocktwits…), news, blogs, and forums (such as Reddit);
- Textual data from 8 languages: English, French, German, Spanish, Portuguese, Italian, Chinese, and Japanese;
- Mention-based asset analysis with several filters, providing
fine grainedand accurate results — instead of analyzing an article as wholewhich would be too coarse-grained, SESAMm analyzes each mention in the text, which is especially relevant for long articles providing multiple points of views.
- One year of live and historical data available.
How to use itBy transforming Big Data into smart data, L’Humeur des Marchés will give you an understanding of the opinion, sentiment
- Sentiment is either positive, negative or neutral.
- Emotions range from joy to sadness through anger, fear
- Trading opinion takes the form of a bullish/bearish score.
Overview of the markets’ mood on NapoleonX platform.
- “Socials” for indicators extracted from social media sources (social trading platforms and social networking websites);
- “News” for indicators extracted from more traditional sources (financial news, blogs and forums).